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2021 Tax Update - Must Know Provisions for the Current Tax Season (Course Id 1848)

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Author : Andrew Clark, EA
Status : Production
CPE Credits : 13.0
IRS Credits : 13
Price : $107.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 1848

Description :

The Internal Revenue Code (IRC) is a continually changing tax code that is always being updated and enhanced with new legislature. With the onset of the COVID-19 pandemic, the tax code underwent serious changes to ensure that Americans received help and support during a truly unprecedented time in U.S. history. This course will cover all of the “must-know provisions” enacted into the tax code within the 2020-2021 tax year. It will discuss all updates pertaining to the Tax Cuts and Jobs Act, the legislation that the tax code is currently built upon. This course will also discuss the three major pieces of COVID legislation passed in 2020: the CARES Act, the Consolidated Appropriations Act, and the American Rescue Plan Act of 2021. Finally, this course will discuss how the 2020 COVID legislation has had an impact on our current understanding of the tax code.

Usage Rank : 0
Release : 2021
Version : 1.0
Prerequisites : Basic understanding of federal tax code.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 22-Jun-2021
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - 1848

Keywords : Taxes, 2021, Tax, Update, Must, Know, Provisions, Current, Tax, Season, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

At the end of this course, students will be able to:
  • Identify the amount of aid allocated for local governmental assistance through the American Rescue Plan Act of 2021,
  • Identify the amount of aid provided to qualifying dependents in direct payments through the American Rescue Plan Act of 2021,
  • Determine the date extension of the Federal Pandemic Unemployment Compensation (FPUC), as well as the FPUC amount,
  • Identify the new amount of Child Tax Credit,
  • Identify what funding was provided to which organizations and programs through the Consolidated Appropriations Act,
  • Identify the amount of funding allocated for the various programs within the CARES Act,
  • Determine what the different provisions under the CARES Act are designed to perform,
  • Identify the maximum amounts of taxpayer income before being phased out of CARES Act rebates,
  • Review the Individual Tax Reform provisions and identify which sections changed for 2018 and which were updated for 2021;
  • Review the Business Tax Reform provisions and identify which sections changed for 2018 and which were updated for 2021;
  • Identify the effective date for all provisions in the Tax Cuts and Jobs Act.
Course Contents :

To view Table of Contents, please Click here.

CPE Taxes Course: https://www.cpethink.com/tax-cpa-courses
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